Arrows, arrows, everywhere – who knows?
DJI30 Index at the close --- 34,869.37 +71.37 (+0.21%)
SP500 --- 4,443.11 -12.37 (-0.28%)
NASDAQ --- 14,969.97 -77.73 (-0.52%)
Russell 2000 --- 2,281.00 +32.93 (+1.46%)
The DJI opened at 34739, off 59 points, and immediately started climbing. It reached a hi of 35061, up 263 at 10:30, then fell back to 43950 at 11:00. It dropped to 34880, up 82, at 1:00, then moved sideways, mostly between those 2 levels, then fell off a bit at the end. The main direction after 10:30 was down. Still, this was a clearly up day by 204 points at the top and 91 at the bottom. The span was 322.
The SP500 opened near its lo, went to 4457, 2 points positive at 10:30, hit the bottom at 4436 before 1:00, rose just under positive territory between 2:00 and 3:30, then landed near the low. The net of this up and down motion was an inside day by 6 points at either end, and a small loss at the end. The span was 14 points.
The NASDAQ was the inverse of the DJI. It opened lo, rose erratically all day, but never made it into the green. It had a clearly down day by 64 and 82 points.
The Russell 2000 started slightly positive, climbed until 11:00, then went mostly sideways, hitting its hi at 2:30, then sliding into the close for a gain of almost a percent and a half. It had a clearly up day by 33 and 9 points.
Every index went its own way. It's hard to know what to make of a day like this. The Russell had the strongest showing, and the NASDAQ had the weakest. Nothing today suggests that the current trend is up. Until that happens, I suspect that the downward thrust is continuing.
DJI Closings -
9/27/19 - 26820
9/25/20 - 27174
8/27/21 - 35455
9/27/21 - 34869
NYSE Internals -
A/D = 1972/1346 = 1.47
A/D Vol = 2.57